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Dec 29, 2012
12/12
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all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a safehaven from global instability. >> political certainty is a major driving factor. it is not just here. but, in the western europe, and in the far east. and, in china. >> reporter: strong demand for gold exchange traded funds has also helped support prices. the spider gold trust-- ticker gld-- has $75 billion in assets. and it's is backed by physical gold. it also helps that some hedge funds with bylaws prohibiting them from buying futures, can buy gold e.t.f.'s. >> so there are some people that were restricted before. they're not now, and that's supportive of the gold. >> reporter: a gold rally is not
all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a...
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155
Dec 25, 2012
12/12
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the government inquiries include subpoenas from the s.e.c. and other bank officials that are part of a civil lawsuit against the bank. shares of regions financial fell nearly 2% to just below $7 a share. as erika mentioned earlier, consumers were out in force trying to squeeze in their last few hours of christmas shopping. one of those retailers hoping to get a boost from shoppers looking for a bargain is j.c. penney. analysts at oppenheimer say the retailer's aggressive price promotions will drive traffic into the stores and boost the company's turnaround efforts. over the past year, shares of j.c. penney have struggled. they are down 43% this year. today they rose more than 1% to just under $20 a share. a few buyers of the stock today family, closing under just $12 a share. over the past year, shares down 50%. now shares of online shares of online travel company trip advisor got a boost on the back of some positive comments. analysts at needham say they are optimistic about the company's long-term growth prospects. they expect trip advisor
the government inquiries include subpoenas from the s.e.c. and other bank officials that are part of a civil lawsuit against the bank. shares of regions financial fell nearly 2% to just below $7 a share. as erika mentioned earlier, consumers were out in force trying to squeeze in their last few hours of christmas shopping. one of those retailers hoping to get a boost from shoppers looking for a bargain is j.c. penney. analysts at oppenheimer say the retailer's aggressive price promotions will...
87
87
Dec 29, 2012
12/12
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WJZ
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all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a safehaven from global instability. >> political certainty is a major driving factor. it is not just here. but, in the western europe, and in the far east. and, in china. >> reporter: strong demand for gold exchange traded funds has also helped support prices. the spider gold trust-- ticker gld-- has $75 billion in assets. and it's is backed by physical gold. it also helps that some hedge funds with bylaws prohibiting them from buying futures, can buy gold e.t.f.'s. >> so there are some people that were restricted before. they're not now and that's supportive of the gold. >> reporter: a gold rally is not a
all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a...
177
177
Dec 28, 2012
12/12
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the indian government looking into whether wal-mart's lobbying activities in the u.s. violated indian laws. shares of wal-mart closed fractionally higher. smith and wesson is buying back an additional $15 million worth of stock, on top of the $20 million repurchase program i recently completed. smith and wesson's shares have fallen nearly 10% since the newtown connecticut shootings. investors bought up gold today, as a safe place to park money while washington lawmakers spar over the fiscal cliff. the precious metal settled $3 higher at $1,663 an ounce. gold prices are on pace for an annual rise of about 6%, the smallest annual gain since 2008. and, supply concerns pushed palladium prices to a nine-month high. investors are worried that tight supplies from the world's top two producers and steady demand from the auto sector could mean higher prices in 2013. it settled at $708 an ounce: over the past year the metal has rising about 7.5%. and finally, for the second day in row the ishares emerging market e.t.f. ended higher. and that's tonight's "market focus." >> susie:
the indian government looking into whether wal-mart's lobbying activities in the u.s. violated indian laws. shares of wal-mart closed fractionally higher. smith and wesson is buying back an additional $15 million worth of stock, on top of the $20 million repurchase program i recently completed. smith and wesson's shares have fallen nearly 10% since the newtown connecticut shootings. investors bought up gold today, as a safe place to park money while washington lawmakers spar over the fiscal...